CBN launches national card scheme, to stop dollar charges on domestic transactions
The Central Bank of Nigeria (CBN), on Thursday, launched the Nigerian national domestic card scheme — an initiative to boost the country’s payments landscape. Speaking at the virtual launch of…
Access Bank restates commitment to deepen presence in Kenyan market after discontinuation of Sidian Bank acquisition
Access Bank Sub-Saharan Africa’s largest lender, Access Bank PLC, has cited the failure to fulfil some requisite conditions as the reason for calling off the proposed acquisition of Sidian Bank.…
Heritage Bank emerges 1st Institution to win CBN’s Best Supporting Bank with ABP Information
By Kayode Ogunwale HeritageBank Plc, one of Nigeria’s most innovative service providers, has emerged as the first financial institution in Nigeria to win the “Best Supporting Bank with Central…
UK fines GTBank £7.6m over ‘money laundering system failures’
Britain’s financial watchdog,Financial Conduct Authority (FCA), has fined the UK subsidiary of Guaranty Trust Bank (GTB) £ million ($ million) for what it says are further failures in its anti-money-laundering…
Heritage Bank is agent for actualisation of SDG 5-Gender Equality, women empowerment – Kilali Tribe
Kayode Ogunwale L-R: Dr. Sophia Horsefall, Corporate Relations Manager, SPDC; Osepiribo Ben-Willie, Executive Director of Heritage Bank and Ivy Davies-Etokakpan, President of Eveafrique News at the Women Must Conference ,…
Strategic Capital Investment Limited takes over Polaris Bank
By Kayode Ogunwale The Central Bank of Nigeria (CBN) and the Asset Management Company of Nigeria (AMCON) have announced completion of sale of shares in Polaris Bank to Strategic…
Fidelity Bank redeems $400m Eurobond Notes
Nneka-Onyeali-Ikpe-Fidelity-Bank-MD Fidelity Bank Plc has announced the redemption of the $400,000, Eurobond Notes due October 17, 2022. On October 17, 2017, the bank successfully issued a US$400 million 5-year Eurobond.…
Access Bank to acquire a 51% majority shareholding in Finibanco Angola S.A.
By Kayode Ogunwale Access Holdings Plc trading as Access Corporation has announced that its wholly owned subsidiary, Access Bank Plc has entered into a binding agreement with Montepio Holding…
RT200 FX: Export Remittances Have Improved Significantly – CBN
R-L: Deputy Group Managing Director United Bank for Africa (UBA) Mr. Muyiwa Akinyemi; National Chairman Finance Correspondents Association of Nigeria (FICAN) Mr. Chima Nwokoji, Director Lagos Zonal Office, Securities…
UBA DMD: Creative Industry Can Boost Nigeria’s Export Earnings
Mr. Muyiwa Akinyemi, Deputy Managing Director, United Bank for Africa (UBA). Mr Muyiwa Akinyemi, the Deputy Managing Director, United Bank for Africa Plc, has advised the Federal Government to take…